Short Interest in Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) Increases By 129.7%

Global X S&P 500 Tail Risk ETF (NYSEARCA:XTR) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,686 shares, an increase of 129.7% from the April 30th total of 4,652 shares. Currently, 8.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,646 shares, the days-to-cover ratio is currently 4.0 days.

Global X S&P 500 Tail Risk ETF Stock Performance

Shares of XTR stock traded up $0.06 during trading hours on Tuesday, hitting $28.87. 2,543 shares of the company were exchanged, compared to its average volume of 2,465. The firm has a market cap of $3.46 million, a P/E ratio of 25.32 and a beta of 0.85. Global X S&P 500 Tail Risk ETF has a fifty-two week low of $24.63 and a fifty-two week high of $31.42. The company has a 50 day simple moving average of $26.97 and a two-hundred day simple moving average of $27.71.

About Global X S&P 500 Tail Risk ETF

The Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund that is based on the Cboe S&P 500 Tail Risk index. The fund tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options. XTR was launched on Aug 25, 2021 and is managed by Global X.